ServiceNow, Inc. $NOW Stock Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in ServiceNow, Inc. (NYSE:NOW) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,999 shares of the information technology services provider’s stock after selling 7,059 shares during the period. SeaCrest Wealth Management LLC’s holdings in ServiceNow were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. NBT Bank N.A. bought a new stake in shares of ServiceNow in the third quarter worth $795,000. Root Financial Partners LLC bought a new stake in shares of ServiceNow during the 3rd quarter worth about $168,000. Adams Diversified Equity Fund Inc. acquired a new stake in ServiceNow during the 3rd quarter worth approximately $16,778,000. Boothe Investment Group Inc. raised its stake in ServiceNow by 3.9% in the 3rd quarter. Boothe Investment Group Inc. now owns 102,286 shares of the information technology services provider’s stock worth $13,707,000 after purchasing an additional 3,881 shares in the last quarter. Finally, Powell Investment Advisors LLC acquired a new stake in ServiceNow during the third quarter worth approximately $269,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on NOW shares. Yorkville Ives initiated coverage on ServiceNow in a research report on Monday, October 5th. They issued an “outperform” rating and a $160.00 target price on the stock. Stifel Nicolaus set a $160.00 price objective on ServiceNow and gave the company a “buy” rating in a research note on Tuesday, October 6th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $190.00 price target (up from $175.00) on shares of ServiceNow in a research note on Monday, October 12th. Evercore reissued an “outperform” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Finally, UBS Group set a $165.00 target price on ServiceNow in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.10.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the transaction, the director owned 43,990 shares in the company, valued at approximately $5,960,645. This represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the transaction, the insider directly owned 18,305 shares in the company, valued at approximately $2,706,760.35. This represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,081 shares of company stock valued at $1,937,904 in the last quarter. 0.34% of the stock is owned by insiders.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

ServiceNow Trading Up 1.5%

ServiceNow stock traded up $2.29 during trading hours on Friday, reaching $159.29. The stock had a trading volume of 11,079,096 shares, compared to its average volume of 11,102,899. The stock has a market cap of $164.71 billion, a PE ratio of 99.56, a PEG ratio of 2.88 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $192.97. The company has a fifty day simple moving average of $137.87 and a 200-day simple moving average of $115.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. Analysts forecast that ServiceNow, Inc. will post 2.22 EPS for the current fiscal year.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.